article thumbnail

Cryptocurrencies are the Future of Payments: Here is How Merchants Fit In

Retail TouchPoints

Bitcoin, along with many other cryptocurrencies today, finds itself in a rather unique position. This demand for a better payment infrastructure began with the rise of Bitcoin, the first big sign of customers wanting greater freedom in their transactions. How Big Institutions are Cashing in the Crypto Hype.

article thumbnail

NFTs will Bridge the Gap Between the Real World and the Metaverse

Retail TouchPoints

In 2014, NFTs (non-fungible tokens) were introduced. Regulators have also been confused distinguishing between NFTs, stablecoins, and cryptocurrencies. The automotive retail industry — comprised of those that sell automotive parts and accessories — will become more customer-centric and create a less painful retail experience with NFTs.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Digital Wallets and Cryptocurrency: DTC Brands Must Prepare for the Future of Money

ESW

Whether you love it or are indifferent, cryptocurrency is here to stay — for better or for worse. The question has as much to do with other forms of digital payment processes as it does with cryptocurrency itself. What Cryptocurrency and Digital Wallets Can Offer Brands. Bitcoin turned 10 years old in 2018.

article thumbnail

Trends Analysis: Should eCommerce Brands Get Serious About Crypto Payments?

ESW

Cryptocurrency, and the underlying blockchain in particular, holds a certain amount of promise for eCommerce. We’ve previously advised eCommerce brands to be aware of the role that the blockchain can play in fraud prevention, CRM and the customer experience. Neither had many customers changing how they pay. Why should they?

article thumbnail

7 Brands Discuss the Benefits of the New Cashless Economy and Apple Pay’s Growing Ubiquity

BigCommerce

Adii Pienaar, Founder of Conversio and WooThemes (later acquired by WooCommerce), sums this up best: Customers worldwide are using their mobile devices for online shopping more often. Depending on who you want to believe, it’s estimated that since late-2014 more than 50% of all online purchases are made from mobile devices.

article thumbnail

Everything You Need to Know About Bitcoin and Blockchain in Ecommerce

Ecommerce Platforms

The seller receives payment and then ships the product to the customer which again generates a block and ‘proof of work’ in the marketplace. The customer receives the product. For one, it facilitates instant transfer of money without the customer having to go through the process of entering their card details, pin number, etc.

article thumbnail

ecommerce in Nigeria – tips for success

Payoneer

Only Revenue Generated in Nigeria was Evaluated The rapid growth of ecommerce websites in Nigeria Source: Revenue and projected revenue in billions of USD from 2014 – 2026 In Nigeria, the smartphone segment is expected to generate a revenue of US$9.39 The store rankings include all revenue-generating stores in Nigeria.